Truemors
Nortel to cut 1,300 jobs after net loss
After posting loss in the third quarter the struggling north American telecommunications company Nortel has announced a new round of job cuts. The company plans to retrench about 1,300 positions...
Nortel could cut up to 5,000 jobs next week: analysts
"Nortel could cut up to 5,000 jobs next week: analysts Last Updated: Wednesday, November 5, 2008 | 8:48 AM ET Comments55Recommend32 Reuters, special to CBC News Nortel Networks Corp could shed between 3,000 and 5,000 jobs when it details its...
Toronto: Nortel Fraud Charges
OpinionBarry Artiste, Now Public ContributorScandal plagued Nortel takes another hit as their CEO Frank Dunn and two other exec's face fraud charges. Nortel for close to a decade had been accused of everything from...
220 views | 2 comments | 5 recommendations
People can't leave home without their cellphones
In a recent study in North America, it was found that over one-third of workers would choose their cell phone over their wallet, keys, laptop or digital music player if they had to leave the house for 24 hours and...
Rex Global Corporation Joins IBM Business PartnerWorld
San Francisco, Calif., -- Rex Global Corporation www.RexGlobal.com , a leading provider of end to end customer solutions, leveraging voice, video, data and wireless, recently announced that it has become an IBM Business Partner. As a registered member of IBM's...
Nortel Slash & Burn
" Since the nineties Nortel has been cutting its workforce and shipping jobs off shore, 56,000 workers cut, and it still has not gotten it out of its fiscal spiral downwards. Why should this be any different. Nortel to slash 2900 jobs in latest cost-cutting"
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The Phoney Debate On Net Neutrality
"It never was about Net neutrality boys and girls. It was about gaining more money, cash to be able to buy up the competition, and overcharging for broad band is the way to get that cash. In the meantime how much will Nortel go for, and will Canadians even care. Doubtful...Nokia and Siemens dance, Nortel jilted
"Poor old Nortel Networks -- or "No-tell Networks," as one wag dubbed it after the fourth or fifth time the company had to restate its earnings. It was bad enough when the company flamed out so quickly after becoming the king of the Toronto Stock Exchange (and of many...
Nortel's accounting woes continue to mount
"Nortel Networks has warned that it has found even more accounting problems. The telecom company (TSX:NT) said late Thursday that more revenue from past periods will be restated and deferred to the future."
326 views | 0 comments | 0 recommendations
Nortel to restate yet again
"Nortel Networks Corp. reported a stunning $2.21-billion (U.S.) loss in the fourth-quarter Friday and said it will restate its results yet again. Canada's No. 1 telecommunications-equipment maker said its...213 views | 0 comments | 0 recommendations
Criminal Capitalism
Those who say that Enron was an exception, like oh say Tyco and WorldCom and QWest and Hollinger under Conrad Black well here are a couple of more exceptions proving the rule, that capitalism is a criminal enterprize.The "Americanization" of Nortel
Came across this the other day and thought it was an interesting read: Mark Evans wrote a thought provoking article on the "Americanization" of Nortel and then posted the story in his blog. It is the story that gets your thinking going (that is what makes an article...
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